Infosys Limited (NYSE:INFY) Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its position in Infosys Limited (NYSE:INFY - Free Report) by 118.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,912,259 shares of the technology company's stock after purchasing an additional 4,296,291 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.19% of Infosys worth $173,437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of Infosys by 1,668.3% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,228,211 shares of the technology company's stock worth $75,470,000 after purchasing an additional 3,045,656 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Infosys in the 3rd quarter worth about $36,039,000. Robeco Institutional Asset Management B.V. increased its position in shares of Infosys by 6.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 25,841,022 shares of the technology company's stock worth $566,435,000 after acquiring an additional 1,501,039 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Infosys by 1,606.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,454,437 shares of the technology company's stock valued at $32,143,000 after acquiring an additional 1,369,210 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Infosys by 31.3% during the fourth quarter. American Century Companies Inc. now owns 4,603,993 shares of the technology company's stock valued at $100,920,000 after acquiring an additional 1,097,105 shares in the last quarter. Hedge funds and other institutional investors own 16.20% of the company's stock.

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Infosys Stock Performance

INFY traded down $0.78 on Friday, hitting $16.58. The company had a trading volume of 19,389,026 shares, compared to its average volume of 9,494,462. The stock has a market capitalization of $68.66 billion, a price-to-earnings ratio of 20.98, a P/E/G ratio of 3.50 and a beta of 1.01. The stock has a fifty day moving average price of $20.08 and a 200-day moving average price of $21.58. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.63.

Infosys (NYSE:INFY - Get Free Report) last posted its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same quarter last year, the firm posted $0.18 earnings per share. Analysts forecast that Infosys Limited will post 0.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

INFY has been the topic of several research reports. Guggenheim restated a "neutral" rating on shares of Infosys in a report on Friday, January 17th. CLSA raised Infosys from a "hold" rating to an "outperform" rating in a research report on Friday, March 7th. HSBC upgraded Infosys from a "hold" rating to a "buy" rating in a report on Monday, December 9th. Hsbc Global Res upgraded shares of Infosys from a "hold" rating to a "strong-buy" rating in a report on Monday, December 9th. Finally, StockNews.com lowered shares of Infosys from a "buy" rating to a "hold" rating in a report on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $19.70.

Infosys Profile

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.